Sentry Investment Management LLC Has $639,000 Position in Molson Coors Brewing Co (TAP)

Sentry Investment Management LLC lessened its position in shares of Molson Coors Brewing Co (NYSE:TAP) by 8.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,720 shares of the company’s stock after selling 952 shares during the period. Sentry Investment Management LLC’s holdings in Molson Coors Brewing were worth $639,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Molson Coors Brewing by 6.1% during the fourth quarter. BlackRock Inc. now owns 14,961,904 shares of the company’s stock valued at $840,259,000 after buying an additional 857,107 shares during the period. Oregon Public Employees Retirement Fund grew its position in Molson Coors Brewing by 10,185.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,587,752 shares of the company’s stock valued at $99,000 after buying an additional 5,533,427 shares during the period. LSV Asset Management grew its position in Molson Coors Brewing by 7.3% during the first quarter. LSV Asset Management now owns 3,832,197 shares of the company’s stock valued at $228,590,000 after buying an additional 261,900 shares during the period. Boston Partners grew its position in Molson Coors Brewing by 223.5% during the first quarter. Boston Partners now owns 3,581,150 shares of the company’s stock valued at $213,616,000 after buying an additional 2,474,052 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Molson Coors Brewing by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 2,550,361 shares of the company’s stock valued at $142,989,000 after purchasing an additional 194,378 shares in the last quarter. Institutional investors own 77.22% of the company’s stock.

NYSE:TAP opened at $58.72 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $12.69 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. Molson Coors Brewing Co has a twelve month low of $54.17 and a twelve month high of $71.04.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.05). The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Molson Coors Brewing had a return on equity of 7.92% and a net margin of 7.46%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. On average, research analysts anticipate that Molson Coors Brewing Co will post 4.63 earnings per share for the current year.

Several equities analysts have issued reports on TAP shares. Citigroup decreased their price objective on shares of Molson Coors Brewing from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. Jefferies Financial Group reaffirmed a “sell” rating on shares of Molson Coors Brewing in a report on Tuesday, February 12th. Deutsche Bank downgraded shares of Molson Coors Brewing from a “buy” rating to a “hold” rating and decreased their price objective for the company from $72.00 to $63.00 in a report on Tuesday, February 12th. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, BMO Capital Markets decreased their price objective on shares of Molson Coors Brewing from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Molson Coors Brewing has a consensus rating of “Hold” and an average price target of $69.91.

In other news, CEO Mark Hunter sold 11,287 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $60.06, for a total value of $677,897.22. Following the transaction, the chief executive officer now directly owns 166,743 shares of the company’s stock, valued at $10,014,584.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.48% of the company’s stock.

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About Molson Coors Brewing

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

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Institutional Ownership by Quarter for Molson Coors Brewing (NYSE:TAP)

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